Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 18.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,764 shares of the company’s stock after buying an additional 1,682 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Tenable were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Tenable in the 4th quarter valued at $54,950,000. Shapiro Capital Management LLC boosted its stake in Tenable by 647.5% in the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock valued at $41,745,000 after acquiring an additional 918,235 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Tenable by 904.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company’s stock worth $16,427,000 after purchasing an additional 375,581 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after purchasing an additional 304,237 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TENB. Stephens lowered shares of Tenable from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on shares of Tenable from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. DA Davidson reduced their target price on shares of Tenable from $45.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Barclays lowered their price target on Tenable from $40.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their price objective on Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.44.

Tenable Trading Up 1.2%

Shares of NASDAQ:TENB opened at $34.05 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $32.52 and its 200 day moving average price is $35.98. The company has a market cap of $4.16 billion, a PE ratio of -92.01 and a beta of 0.80. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative return on equity of 3.11% and a negative net margin of 4.86%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. Sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Barron Anschutz sold 1,245 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $39,815.10. Following the completion of the sale, the insider directly owned 57,905 shares of the company’s stock, valued at $1,851,801.90. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen A. Vintz sold 6,499 shares of Tenable stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $207,838.02. Following the completion of the transaction, the chief executive officer directly owned 331,394 shares in the company, valued at approximately $10,597,980.12. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,845 shares of company stock valued at $637,709 over the last three months. Company insiders own 1.50% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.